Sigma Alpha Epsilon Foundation FY2020 filing

Tax-deductible

Evanston, IL501(c)(3)Since 1927EducationEIN 36-2170145Revenue $3.0M in FY2020

On file with the IRSsae.net1856 Sheridan Rd, 60201-3837 · Evanston, ILTax-exempt since Jan 1930Publicly supported — 509(a)(2)

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To support its members and their chapters to help fulfill their educational aspirations and goals; to promote programs teaching leadership, scholarship, and personal development; and to ensure the presevation of Levere Memorial Temple.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.2M a year · 28% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $39K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$209K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
Spent
$2.3M
To programs
67%
Net assets
$18.4M
By yearFY2020–FY2024
Revenue
$3.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$6.0M
FY2022$4.1M
FY2023$3.3M
FY2024$3.9M
FY2024$4.7M
Expenses
$2.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$3.3M
FY2022$2.5M
FY2023$2.7M
FY2024$3.8M
FY2024$2.9M
Net assets
$18.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$18.4M
FY2021$22.8M
FY2022$20.9M
FY2023$23.2M
FY2024$25.5M
FY2024$28.3M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1930.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $1.5M Management & general 18% · $411K Fundraising 15% · $352K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
SR Director-
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Sigma Alpha Epsilon Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes leadership, scholarship, and personal development programs to help members achieve educational goals.

Questions for Sigma Alpha Epsilon Foundation

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2019
01

Funds used to aid fraternity chapters in maintaining the scholarship and educational portions of their houses.

$951Kprogram expense
02

Funds used to support the operation and preservation of the levere memorial temple.

$279Kprogram expense
03

Financial aid provided for scholarships and financial assistance to sigma alpha epsilon collegiates.

$117Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$39K
See all 4 funders →
Grants paid · 54 grants · $7.7M · 2019–2024
Unitemized GrantFY2024$432,656
Illinois Beta Housing LLCFY2024$35,000
North Dakota Alpha Housing LLCFY2024$19,319
Kansas Gamma Sae Building & Education FoundationKS · FY2024$10,000
Unitemized GrantFY2023$275,499
Iowa Delta Alumni AssocIA · FY2023$199,166
See all 54 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$767K
Fees for servicesLn 2g$150K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.5M
Managementcol C$411K
Fundraisingcol D$352K
Owns and owesPt X
$18.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$18.7M
LiabilitiesLn 26$209K
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Noncash giftsLn 1g$151K
Fees for servicesLn 2g$150K
Investment incomeLn 3$767K
Other incomeLn 4–11$13K
Gains on assetsLn 7$272K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$15.4M
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$832
Total assetsLn 16$18.7M
LiabilitiesLn 26$209K
Net assetsLn 32$18.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6220
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$785K$1.1M
InvestmentsLn 11–13$15.8M$15.4M
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$18.9M$18.7M
LiabilitiesLn 26$538K$209K
Net assetsLn 32$18.3M$18.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$810K$810K
Grants to domestic individualsLn 2$246K$246K
Management feesLn 11a$474K$190K$183K$101K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$34K$34K
Investment management feesLn 11f$31K$31K
Other fees for servicesLn 11g$140K$73K$67K
Office expensesLn 13$126K$16K$7K$104K
OccupancyLn 16$106K$106K
TravelLn 17$26K$26K$539
InterestLn 20$34K$34K
Depreciation, depletion and amortizationLn 22$97K$97K
InsuranceLn 23$99K$80K$20K
Other expenses (24a–d)Ln 24$75K$1K$27K$46K
Total functional expensesLn 25$2.3M$1.5M$411K$352K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.9M$3.8M$153K$25.5M 990 PDF
FY2023 $3.3M$2.7M$632K$23.2M 990 PDF
FY2022 $4.1M$2.5M$1.6M$20.9M 990 PDF
FY2021 $6.0M$3.3M$2.7M$22.8M 990 PDF
FY2020 Viewing $3.0M$2.3M$726K$18.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $3,033,561 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,686,483$2,102,852
I-9 Program service revenuePrior year $11,573$150,280
I-10 Investment incomePrior year $488,507$767,339
I-11 Other revenuePrior year $25,534$13,090
I-12 Total revenuePrior year $2,212,097$3,033,561
I-13 Grants and similar amounts paidPrior year $590,957$1,055,650
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,323,463$1,251,636
I-18 Total expensesPrior year $1,914,420$2,307,286
I-19 Revenue less expensesPrior year $297,677$726,275
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,033,561 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,102,852
VIII-1g Noncash contributions (included above)$151,381
VIII-1h Total contributions, gifts and grants$2,102,852
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $150,280$150,280
VIII-3 Investment incomeExcluded from tax $495,507$495,507
VIII-7 Net gain or loss on sales of assetsRelated to mission $271,832$271,832
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13,090$13,090
VIII-12 Total revenueRelated to mission $284,922 · Excluded from tax $645,787$3,033,561
Part IX · Statement of functional expenses $2,307,286 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $809,860$809,860
IX-2 Grants to domestic individualsPrograms $245,790$245,790
IX-11a Management feesPrograms $189,528 · Management $183,494 · Fundraising $100,661$473,683
IX-11b Legal feesManagement $9,855$9,855
IX-11c Accounting feesManagement $33,910$33,910
IX-11f Investment management feesManagement $30,653$30,653
IX-11g Other fees for servicesManagement $73,322 · Fundraising $66,749$140,071
IX-13 Office expensesPrograms $15,574 · Management $6,611 · Fundraising $103,729$125,914
IX-16 OccupancyPrograms $106,131$106,131
IX-17 TravelManagement $25,732 · Fundraising $539$26,271
IX-20 InterestFundraising $34,377$34,377
IX-22 Depreciation, depletion and amortizationPrograms $96,778$96,778
IX-23 InsurancePrograms $79,553 · Management $19,752$99,305
IX-24 Other expenses (24a–d)Programs $1,162 · Management $27,495 · Fundraising $46,031$74,688
IX-25 Total functional expensesPrograms $1,544,376 · Management $410,824 · Fundraising $352,086$2,307,286
Part X · Balance sheet $18,656,401 assets, 14 lines filed
Asset lines not itemized here account for $60,739; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $785,492$1,120,863
X-3 Pledges and grants receivableStart of year $1,699$1,699
X-9 Prepaid expenses and deferred chargesStart of year $57,328$63,918
X-10c Land, buildings and equipment, netStart of year $2,088,430$1,991,652
X-11 Publicly traded securitiesStart of year $15,810,128$15,416,698
X-15 Other assetsStart of year $832$832
X-16 Total assetsStart of year $18,859,844$18,656,401
X-17 Accounts payable and accrued expensesStart of year $288,777$162,020
X-25 Other liabilitiesStart of year $249,189$47,039
X-26 Total liabilitiesStart of year $537,966$209,059
X-27 Net assets without donor restrictionsStart of year $2,263,042$1,492,615
X-28 Net assets with donor restrictionsStart of year $16,058,836$16,954,727
X-32 Total net assets or fund balancesStart of year $18,321,878$18,447,342
X-33 Total liabilities and net assetsStart of year $18,859,844$18,656,401
Part XI · Reconciliation of net assets $18,447,342 net assets at year end
XI-1 Total revenue$3,033,561
XI-2 Total expenses$2,307,286
XI-3 Revenue less expenses$726,275
XI-4 Net assets at start of year$18,321,878
XI-5 Net unrealized gains (losses) on investments−$600,811
XI-10 Net assets at end of year$18,447,342

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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